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Rates will vary, contact us for details
Single family, 2-4 unit, townhomes, PUD, warrantable condos
$75,000 - $2,000,000
1.20x.
30-yr Fixed Rate Mortgage (Fully Amortizing) 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing)
30 Years
Mid-Score of 680
Lend Private Money DSCR loans let you finance a 1–4 unit rental property based on the rent it brings in, not your personal income. If the property's rent covers its monthly payment at least 1.20 times, you can qualify for 30-year fixed or hybrid ARM financing from $75,000 to $2,000,000, borrowing as an individual or an LLC.
DSCR stands for debt service coverage ratio. We divide the property's monthly gross rent by its monthly PITIA (principal, interest, taxes, insurance and any HOA or management fee).
Example: rent of $2,400 ÷ PITIA of $1,900 = 1.26x DSCR, which is above our 1.20x minimum. For leased units we use the lower of the lease rent and the appraiser's market rent. For unleased units on a purchase, we use 90% of market rent.
Requirement | Lend Private Money |
|---|---|
Minimum DSCR | 1.20x (gross rent ÷ PITIA) |
Minimum credit score | 680 (mid score) |
Max LTV: purchase / rate-term refinance | Up to 80% (with a 720+ FICO) |
Max LTV: cash-out refinance | Up to 75% (with a 720+ FICO) |
Loan amount | $75,000 – $1,000,000 (1 unit); up to $2,000,000 (2–4 units) |
Property types | Single family, 2–4 units, townhomes, PUDs, warrantable condos |
Borrowers | Individuals, LLCs and US corporations |
Reserves | 6 months of PITIA (loans up to $1M); 9 months over $1M |
Not eligible | Vacation and seasonal rentals |
Investing in Florida? See DSCR loans in Florida.
A DSCR loan is a rental property loan that qualifies you based on the property’s debt service coverage ratio (its rental income divided by its monthly payment) instead of your personal income.
Lend Private Money requires a minimum DSCR of 1.20x, meaning the property’s monthly gross rent is at least 1.2 times its monthly principal, interest, taxes, insurance and HOA payment.
You need a minimum 680 credit score, a 1–4 unit rental property and a DSCR of at least 1.20x. LTV goes up to 80% on purchases and rate-term refinances and 75% on cash-out refinances, depending on your credit score.
Single family homes, 2–4 unit properties, townhomes, planned unit developments (PUDs) and warrantable condos. Vacation and seasonal rentals are not eligible.
30-year fixed rate loans, plus 5/6, 7/6 and 10/6 hybrid ARMs, with fully amortizing or partial interest-only options.
